When long-run average total cost increases as output increases, a firm experiences

In the short run, an increase in the growth rate of the quantity of money ________ the nominal interest rate and in the long run it ________ the nominal interest rate

A) lowers; lowers B) raises; lowers C) lowers; raises D) raises; raises E) does not change; raises

A justification for general grants is _____

a. the equalization of revenues between government units with different income levels b. higher level governments might have a greater ability to raise revenue c. progressive taxation cannot be done on the local level d. a and b